back Back

TerraPay and Al Ansari exchange partner to simplify money transfer

By Delisha Fernandes

May 16, 2024

  • Al Ansari Exchange
  • Cross Border Payments
  • Financial Inclusion
Share

TerraPay, Safaricom, M-pesa, Africa, Kenya, London, India, Nepal, Bangladesh, Pakistan, Southeast Asia, Cross border Payments, Mobile payments, Digital transactions, Banco Continental G&T, Payments, Cross border Payments, Remittances, MPI License, MAS, Monetary Authority of Singapore, APAC News, APAC Fintech, APAC Payments, Singapore Fintech News,TerraPay, a global money movement company, has partnered with Al Ansari Exchange, the remittance and foreign exchange company in the UAE, to simplify cross-border payments for their customers worldwide.

TerraPay’s global payment solutions for local payout needs integrated with Al Ansari Exchange’s extensive network expands both organisations scope of operations and improves their capabilities to serve a broader customer base with efficient, secure, and seamless transactions.

Ani Sane, Co-founder & Chief Business Officer at TerraPay, said, “We are thrilled to partner with Al Ansari Exchange, a respected name with a rich heritage in the UAE. This partnership allows us to leverage combined strengths and capabilities. Together, we are prepared to extend our services and better serve customers, making cross-border transactions more seamless and accessible.”

With its strong portfolio of financial services and customer-centric approach, Al Ansari Exchange provides its clientele with flexible and reliable remittance options. The latest partnership will allow TerraPay to capitalise on this expertise and expand its presence in the UAE, in line with the company’s strategic objectives of expanding its global footprint and enhancing its offerings.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, “We are delighted to enter into this strategic partnership with TerraPay, a leading force in global money transfer. This collaboration signifies our commitment to providing our customers with flexible and reliable remittance options.  TerraPay’s global network and innovative technology complement our expertise, allowing us to offer a wider range of services.”

The strategic collaboration was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the companies promise to empower clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.

Previous Article

May 16, 2024

Emirates NBD & Pine Labs team to strengthen merchant acquiring solutions

Read More
Next Article

May 16, 2024

PhonePe & LankaPay to strengthen UPI payment acceptance in Sri Lanka

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Al Ansari Exchange

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Confida and illimity create new capillary proximity network, Pehi

Read More

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023